Studio Flat For Sale £65,000
For sale by Traditional Method of Auction; Starting Bid Price £65,000 plus Reservation Fee.
Bernards Portsmouth are delighted to welcome to the sales market, this wonderful investment opportunity in the heart of North End, in walking distance of many local amenities.
Accessed via a shared courtyard, the property is comprises of a 18ft studio area, which is flooded with natural light.
Moving through, you have a separate three-piece bathroom and a fitted kitchen to the rear.
If you are considering buying this property as a buy to let investment, we can advise that we would expect to achieve in the region of £450-500 pcm. This would provide a 6%+ gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on or email . This property is for sale by the Property Auction powered by iam-sold Ltd
Exterior
Studio flat to the rear of the main building, access via the side through a communal courtyard, which accesses front door
Studio Area (2.74m x 5.59m (9' x 18'4"))
Carpet flooring, smooth walls and ceilings, power points, UPVC double glazed windows to the side elevation
Bathroom (2.72m x 1.65m (8'11" x 5'5"))
Modern vinyl flooring, smooth walls with tiled splash backs, panel bath with shower over, wash basin and toilet, UPVC double glazed window to the side elevation
Kitchen (4.06m x 2.44m (13'4" x 8'))
Modern vinyl flooring, smooth walls and ceilings with tiled splash backs, matching range of base and wall units, with contrasting work surfaces, sink/drainer along with space and plumbing for appliances, UPVC double glazed window to the side elevation, separate entry point into property
Anti-Money Laundering (Aml)
Bernards Estate Agents have a legal obligation to complete anti-money laundering checks. The aml check should be completed in branch. Please call the office to book an aml check if you would like to make an offer on this property. Please note the aml check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the aml check being completed
Council Tax Band A
Portsmouth City Council: £864.99 Hampshire Fire & Rescue: £45.14 Police and Crime Commissioner: £134.31 Total: £1110.57
Leasehold Information
99 years from 2016, (96 Years Remaining)
Please note that Bernard's Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
Offer Check Procedure -
If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.
Solicitor
Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
Removal Quotes
As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.
Letting Information
If you are considering buying this property as a buy to let investment, we can advise that we would expect to achieve in the region of £450-500 pcm. This would provide a 6%+ gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on or email
Auctioneer Comments.
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements:
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Bernards Portsmouth are delighted to welcome to the sales market, this wonderful investment opportunity in the heart of North End, in walking distance of many local amenities.
Accessed via a shared courtyard, the property is comprises of a 18ft studio area, which is flooded with natural light.
Moving through, you have a separate three-piece bathroom and a fitted kitchen to the rear.
If you are considering buying this property as a buy to let investment, we can advise that we would expect to achieve in the region of £450-500 pcm. This would provide a 6%+ gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on or email . This property is for sale by the Property Auction powered by iam-sold Ltd
Exterior
Studio flat to the rear of the main building, access via the side through a communal courtyard, which accesses front door
Studio Area (2.74m x 5.59m (9' x 18'4"))
Carpet flooring, smooth walls and ceilings, power points, UPVC double glazed windows to the side elevation
Bathroom (2.72m x 1.65m (8'11" x 5'5"))
Modern vinyl flooring, smooth walls with tiled splash backs, panel bath with shower over, wash basin and toilet, UPVC double glazed window to the side elevation
Kitchen (4.06m x 2.44m (13'4" x 8'))
Modern vinyl flooring, smooth walls and ceilings with tiled splash backs, matching range of base and wall units, with contrasting work surfaces, sink/drainer along with space and plumbing for appliances, UPVC double glazed window to the side elevation, separate entry point into property
Anti-Money Laundering (Aml)
Bernards Estate Agents have a legal obligation to complete anti-money laundering checks. The aml check should be completed in branch. Please call the office to book an aml check if you would like to make an offer on this property. Please note the aml check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the aml check being completed
Council Tax Band A
Portsmouth City Council: £864.99 Hampshire Fire & Rescue: £45.14 Police and Crime Commissioner: £134.31 Total: £1110.57
Leasehold Information
99 years from 2016, (96 Years Remaining)
Please note that Bernard's Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
Offer Check Procedure -
If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.
Solicitor
Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
Removal Quotes
As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.
Letting Information
If you are considering buying this property as a buy to let investment, we can advise that we would expect to achieve in the region of £450-500 pcm. This would provide a 6%+ gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on or email
Auctioneer Comments.
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements:
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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